One of the first things you notice about the broker is that they are located in Panama. From their experience, many traders know how such companies operate.
Therefore, we are taking a look at the key features and services of broker group limited. Hopefully, after reading our unbiased Broker Group Ltd review you will understand why not trust this broker.
In general, legitimate brokers have trusted licenses. Not every offshore regulator is reliable for example as FCA, BaFin or ASIC. The main regulator in Panama is the Superintendency of the Securities Market (SMV).
But if you check their registers you won’t find any information about Broker Group Ltd regulation. Not only that, but we wanted to be sure that this is nothing but a scam and we checked the Tier 1 registers mentioned above. Yet, the results were the same as with SMV. Therefore, you can’t expect any protection from this company.
But if you want to do Brokergroup Ltd withdraw, you will most likely face difficulties. In case you face any issues with this broker, feel free to book a consultation with our team.
As traders are confirming, they are attracted by lucrative adverts. The company promotes a quick money-earning scheme. However, that’s rarely possible and it sounds too good to be true. Sadly, these traders learned the hard way.
Once the broker gets your contact information they will persuade you in different ways to deposit more money. Since they are not regulated, they can serve you any story they want. But if you already deposited money with them, let us assist you to get it back. Because they won’t send you money out of generosity.
Whether it’s Brokergroup Ltd fees, software or withdrawal, it’s all fake. With false promises, they manage to get more money from traders. But when it’s time to deliver, they fail heavily.
That’s how since 2022 their traders are getting scammed. Generally speaking, scammed traders are coming from:
Regardless of your residence country, you shouldn’t let these swindlers get away with your money. Contact us and find out how to recover the funds.
Other Brokergroup Ltd issues are coming with their advertised software. This scam broker promotes software that is available on desktop and mobile devices. But also as a web-based platform, which is most likely the only option.
Their poor explanation of platform features points out how bad it is. Considering their missing regulation everything is highly likely fake.
Indeed, the company mentions mobile apps for iOS and Android devices. Also, they are mentioning MT4 in a poorly presented FAQ section. Yet, there are no download options available. This raises suspicion about those.
In general, with scam brokers, this is the least important aspect. If everything is fake, why wouldn’t instruments be?
Anyway, traders can choose between:
Another key feature missing is Brokergroup Ltd account types. The company doesn’t provide any relevant information about minimum deposits or trading conditions.
With this in mind, you know there is nothing to look for here. Instead, you can opt for way more transparent Tier 1 licensed brokers.
To make it even worse, Brokergroup Ltd scam broker doesn’t even offer a demo account. This is quite logical considering that they are hiding everything. On the other hand, there are many other licensed brokers with transparent demos and even micro accounts available.
The key feature of every broker is trading costs. If you don’t know what to expect, there is no logical reason to invest there. Especially if it’s going to cost you more than you invest.
In this case, the company kept mysteriousness on the highest level. But that’s another sign to avoid this scam broker.
To sum it up, no. At least according to the information on the company’s website. However, it’s not rare for scam brokers to make up shady and non-existent offers to extract more money from traders.
It’s clear as sky that the broker won’t allow you to withdraw any funds. The completely expected outcome from such anonymous and shady broker like Broker Group Ltd.
That’s why we repeatedly mention regulation as the key point of every brokerage. Especially Tier 1 regulations
Generally, the first choice is always to reach out to authorities. However, it’s hard to fight offshore anonymous companies. Yet, there are ways to recover your money without them.
If you book your consultation with our expert team you can get in-detail advice on what to do next. Most importantly, the first consultation is free of charge. Book yours now!
No. The company is non-transparent about much information but also has numerous negative reviews.
No. Broker Group Ltd is not even regulated domestically and not to mention by Tier 1 regulators.
All the key features offered by this broker are fictive and they include FX and CFD trading services on the proprietary trading platform.
It depends on the funding method. The most likely options are chargeback and tracking crypto our technology CipherTrace. Contact us now to find out more!
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